Market Collapse predicted by Congressman Ron Paul

United States
August 29, 2007 10:36pm CST
Just the other day, my Econ prof said the economy was doing great...of course my Accounting prof (a retired CPA disagreed with that 2 days later)...hmmmm... Take a peek at this: Congressman: Stock Market Will Eventually Collapse Ron Paul says martial law provisions in place to deal with economic discord Paul Joseph Watson www.Prison Planet.com Wednesday, August 29, 2007 Texas Congressman and presidential candidate Ron Paul says that attempts to rescue an ailing stock market last week, during which the Fed pumped in billions in liquidity, were merely a stop gap measure - and that an economic collapse is all but inevitable. http://www.prisonplanet.com/articles/august2007/290807_eventually_collapse.htm ...I wonder if that Amero will be in banks near you soon?
3 responses
@pismeof (855)
• United States
30 Aug 07
Shannon, I think a discussion on economics is far to broad a category to discuss in this forum.Particularly those of us not really educated in the field. Did we not put measures in to prevent such a collapse way back in 1929? What I think we are seeing and will continue to see is an adjustment in a world market.With the growing economies of both China and India speculators are putting money into markets other than our own. The pace at which this takes effect will determine our fate.In my personal opinion the expanding "World Trade policies" will be our unravelling. With Jobs going over seas and now the money markets going over seas where will our economic growth come from.
1 person likes this
• United States
31 Aug 07
Broad or not, every American citizen has a right to know and a responsibility to look this stuff up before it's too late to stop it by complaining & boycotting stuff. Might want to research that 1929 bit. More evidence is coming out that that crash was every bit as intentional as the upcoming crash. Bush just opened the borders officially this past Saturday...just found that out today in Accounting class...off topic. Anyway, our economic growth is coming from nowhere. Our economic collapse is well underway.
@pismeof (855)
• United States
31 Aug 07
Yes that's my point. Service jobs like Micky D's and Walmart isn't any kind of base for economic growth .In my neck of the woods we had the major toy manufacturers Milton Bradley and LEGO. Now that eighty percent of all american toys are produced in CHINA the jobs are all but disappeared and the plants are closed.
1 person likes this
• United States
31 Aug 07
Mattel is going under fast too. They are doing recalls like nobody's business (thanks to that lead paint from China), and it is rumored in the business community that they are not offering refunds for these recalls. How true that rumor is, I do not know, but if you go to the Mattel website, there's no mention of refunding the recalls or not refunding the recalls, so there' no way of knowing if that's true right now. Our community is down several factories, and the neighboring county, where a lot of people here are still lucky enough to have a job, is going under fast too. The Delphi plant in Kokomo got popped cooking 4 years worth of books, and since the mandatory ethics classes for ALL personnel (court ordered), not to mention fines, pentalties, attorney/court fees, etc., are going to set them back bigtime. I look for them to follow suit and head to China. You're right on the money on this one. Our economy is screwed beyond belief.
@DavidReedy (2411)
• United States
30 Aug 07
It's only (un)common sense (unfortunately). An economy... that imports almost completely, does not export, whose constituents live on debt, whose government's means of producing money involves printing more money--with interest... Sigh. When will we all wise up to the mess we've made?
• United States
30 Aug 07
Hopefully the wising up will begin before the mass-herding into the camps. *sighing with you*
• Canada
30 Aug 07
im pretty sure it will collapse within our lifetime.. my lifetime anyway... hopefully lol... anyways.. as long as banks are creating money through loans, there is no way that there is going to be happy future at hand.
1 person likes this
• United States
30 Aug 07
Ya got that right. Henry Ford said (hmmm, close to 70 years ago!) that people would riot in the streets if they really know what went on with American banking and finances.